Michael Kuritnik & Boris Kuritnik Sell Single Family Property In Cambridge For $8.6M
16 Francis Avenue
$8,600,000
$1,162/SF
Building Size
7,400 SF
Asset Type
Single Family
Closing
May 28, 2024
AI
The single-family property located at 16 Francis Avenue in Cambridge, MA, was successfully sold for $8,600,000. Spanning 7,400 square feet, the property was acquired at a price per square foot of $1,162.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $8,600,000
- Address: 16 Francis Avenue
- Market: Cambridge, MA
Michael Kuritnik and Boris Kuritnik handled both the selling and brokering aspects of this transaction through Kumo Capital, showcasing their dual role in the successful sale of the property.
Players
Cambridge Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.84%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93